Benjamin Edwards Inc. Cuts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Benjamin Edwards Inc. cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 31.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,568 shares of the utilities provider’s stock after selling 4,900 shares during the period. Benjamin Edwards Inc.’s holdings in Dominion Energy were worth $569,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cape Investment Advisory Inc. boosted its position in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after buying an additional 378 shares during the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter worth about $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $27,000. Finally, Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $27,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of NYSE D opened at $55.10 on Friday. The stock’s 50-day simple moving average is $53.94 and its two-hundred day simple moving average is $55.27. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The firm has a market capitalization of $46.99 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.85%. Dominion Energy’s payout ratio is 100.00%.

Analyst Ratings Changes

D has been the subject of several research reports. UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Morgan Stanley boosted their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $58.22.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.